The 24 year old moved to London Road in February on an eighteen month deal but the club are now keen to tie him down to a longer contract.
Speaking to BBC Cambridgeshire MacAnthony said, "We exercised an option on his contract recently. I have personally offered Paul a very good contract for four years. We think it will give him a chance to grow."
Taylor moved to Peterborough on a free transfer after his contract with Belgium Pro League side Anderlecht had expired. He has scored four goals in five starts for the Championship side this season.
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